Beans are a staple ingredient in a vast majority of diets in the United States. Many Utah residents actually grow their own beans in backyard gardens; others purchase various types in stores for making soups, stews and other delicious recipes. In a recent acquisitions and sales deal, a natural foods company, Hain Celestial, has acquired the Oregon-based Better Bean Company. Both companies say they are thrilled with the merger.
Better Bean Company is primarily known for its non-GMO bean products. Hain Celestial says its subsidiary company, Cultivate Ventures, acted on its behalf to purchase Better Bean Company. Hain Celestial said it’s excited to provide customers new access to vegan, non-GMO and gluten-free beans.
Better Bean Company has always espoused its desire to bring tasty, clean beans to health-minded consumers. A small, family-owned business launched in 2010, the company has become a competitive enterprise, selling wares in stores across the nation. Hain Celestial’s recent acquisition will hopefully help Better Bean Company expand even further while increasing its own sales and distribution numbers in the process.
Acquisitions and sales of this type often include several challenges before all is said and done. Skilled negotiation and keen insight into business and commercial law are definite pluses that increase the chances of a successful deal. Savvy business owners in Utah and beyond may wish to entrust their prospective purchases to experienced business attorneys who can help overcome any obstacles that arise, and work toward swift and agreeable solutions to contract disagreements or other possible purchase problems.
Source: Wilsonville, Or. Patch, “Wilsonville’s Better Bean Bought By New York’s Hain Celestial“, Travis Loose, June 29, 2017